StacksVerified U.S. regulatory reference

24 CFR §266.400

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The mortgage must be on real estate held:
  1. (a)In fee simple;
  2. (b)Under a renewable lease of not less than 99 years; or
  3. (c)Under a lease executed by a governmental agency, or other lessor approved by the HFA, that has a term at least 10 years beyond the end of the mortgage term.